Agrium Wins Key Support In Heated Jana Proxy Fight

Law360, New York (March 19, 2013, 1:27 PM EDT) -- Canadian fertilizer company Agrium Inc. on Tuesday landed the backing of a key investor as it fights a shakeup proposed by activist hedge fund Jana Partners LLC, stoking a feud that has grown increasingly contentious as the clock ticks down to an April shareholder summit.

Letko Brosseau & Associates Inc., an investment manager that owns 1.5 percent of Agrium's stock, said it would support Agrium's strategy moving forward, pledging to throw its weight behind Agrium's board nominees rather than Jana's proposed slate of five. It also...
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